Question

Mr. Ravi 12 13 14 2 years The rate of interest for the two 36 years r 10% and 12% relatively replaces 56 id and first time India account outside at the end of the second year​

Answer 1

Answer:

Full explanation

Step-by-step explanation:

Maturity value for the recurring deposits = Total Sum of Money deposited + Interest earned on it.

P=Amount deposited every month

n=number of months the deposits were made

r%=rate of interest

Maturity Value=P×n+P×

2×12

n(n+1)

×

100

r

Here, P=Rs.600,n=30,r=10%

Maturity Value=600×30+600×

2×12

30(30+1)

×

100

10

=Rs.20325